2,058 SF Freestanding QSR | Lease or Ground Lease | 24,400+ VPD on US 150/IL 1

306 S Gilbert St, Danville, IL 61832

Property Information

  • For Lease Contact for pricing
  • Property Type Retail
  • Year Built 1983
  • Date Updated Sep 21, 2026

Description

Located on Danville's primary north-south commercial artery, this proven QSR location at 306 S Gilbert Street offers a rare opportunity on one of the area's most established retail corridors. With over 24,000 vehicles per day passing by on S Gilbert Street, Illinois Route 1 and US Route 150, this 2,058 SF building sits on 0.42 acres with a parcel expansion option. The site benefits from more than 40 years of continuous restaurant operation and is surrounded by successful national QSR brands including McDonald's, Pizza Hut, Arby's, Steak n Shake, Taco Bell and ALDI, all within one mile. The property serves a strong demographic base of 37,925 residents with an average household income of $75,552 within five miles, drawing from Danville, Tilton and Belgium as the Vermilion County seat.

Occupied - To be vacated 10/7/27

Highlights

  • 37,925 residents and a $75,552 average household income within five miles, a draw that extends past the city limits into Tilton and Belgium as the Vermilion County seat.
  • Over 24,000 vehicles per day on S Gilbert Street, Illinois Route 1 and US Route 150, Danville's primary north south commercial artery.
  • Proven QSR location with more than 40 years of continuous restaurant operation, on a corridor where McDonald's, Pizza Hut, Arby's, Steak n Shake, Taco Bell and ALDI all sit within one mile and multiple national QSRs perform above national average.

1 Space Available

Space Available

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

2,058 SF

Divisible Space

2,058 - 2,058 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

Contacts

Location

Located at 306 S Gilbert St, Danville, IL 61832, this property is part of the Danville neighborhood.

Contact 2,058 SF Freestanding QSR | Lease or Ground Lease | 24,400+ VPD on US 150/IL 1
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